How Dodd-Frank sets up ‘bail-in’ for U.S. banks to follow Cyprus

[Antares]

"A 2010 financial-reform law sets up a “bail-in” program that puts U.S. bank depositors at risk, according to a new report."

"“The Dodd-Frank Act of 2010, among other things, codifies a bail-in. It ensures that the United States can conduct the type of bail-in that we saw in Cyprus in the end of March this year,” said Leandra Bernstein, of LaRouchePAC."

Me......what does that mean?

"Instead of repeating the widely unpopular bank bailouts of 2008 and 2009, Dodd-Frank authorizes the Federal Deposit Insurance Corp. to recapitalize failed financial institutions by confiscating customers' deposits."

How Dodd-Frank sets up bail-in for U.S. banks to follow Cyprus - Washington DC News Examiner.com

This isn't funny and this isn't partisan..."We the ******* people" better speak the **** up.

 

[Antares]

"“Such a strategy would apply a single receivership at the top-tier holding company, assign losses to shareholders and unsecured creditors of the holding company, and transfer sound operating subsidiaries to a new solvent entity or entities,” Bernstein said."

 

[Antares]

"Dodd-Frank provides for the creation of a bridge financial company, which is capitalized through the bailing-in of that financial institution -- namely, the unsecured creditors, and also anyone who has investments in that company,” she explained Monday."

 

[Manonthestreet]

shut up you are saved......everything is fine.....marvelous recovery ..........so many jobs we need illegals to fill them.........

 

[Antares]

This is some scary shit

 

[william the wie]

Yes. it is.